Perspecta Inc. [NYSE: PRSP] closed the trading session at $26.25 on 01/15/21. The day’s price range saw the stock hit a low of $25.72, while the highest price level was $26.50. The company report on January 13, 2021 that Perspecta Labs to develop spectrum access manager for the Department of Defense.
Perspecta Inc. (NYSE: PRSP), announced that its innovative applied research arm, Perspecta Labs, was awarded a prime contract to develop a spectrum access manager for the Department of Defense (DOD) under the National Spectrum Consortium’s Spectrum Base Agreement. The contract, which represents new work for the company, has a value of $6.2 million and a three-year period of performance.
Radio frequency (RF) spectrum is a vital resource for DOD testing of every type of weapon system and military platform—from aircraft, ships and missiles to ground vehicles and diverse radio systems. RF spectrum is also limited, congested and under increasing demand for both military and commercial use. On this program, Perspecta Labs will develop a spectrum access manager that enables DOD test ranges to better understand and characterize their RF spectrum environment, quantify the performance of test systems based on a given mission profile, and improve efficiency in the scheduling and allocation of RF spectrum.
The stocks have a year to date performance of 9.01 percent and weekly performance of 0.00 percent. The stock has been moved at 12.85 percent over the last six months. The stock has performed 12.23 percent around the most recent 30 days and changed 29.12 percent over the most recent 3-months.
If compared to the average trading volume of 819.25K shares, PRSP reached to a volume of 954479 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Perspecta Inc. [PRSP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRSP shares is $25.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRSP stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Perspecta Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 09, 2020. The new note on the price target was released on March 31, 2020, representing the official price target for Perspecta Inc. stock.
The Average True Range (ATR) for Perspecta Inc. is set at 0.69, with the Price to Sales ratio for PRSP stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 3.08, with the Price to Cash per share for the same quarter was set at 1.35. Price to Free Cash Flow for PRSP in the course of the last twelve months was 7.72 with Quick ratio for the last quarter at 0.80.
PRSP stock trade performance evaluation
Perspecta Inc. [PRSP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, PRSP shares gained by 12.23% in over the last four-week period, additionally plugging by 12.85% over the last 6 months – not to mention a drop of -7.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRSP stock in for the last two-week period is set at 73.45, with the RSI for the last a single of trading hit 75.97, and the three-weeks RSI is set at 70.90 for Perspecta Inc. [PRSP]. The present Moving Average for the last 50 days of trading for this stock 23.35, while it was recorded at 26.04 for the last single week of trading, and 21.68 for the last 200 days.
Perspecta Inc. [PRSP]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Perspecta Inc. [PRSP] shares currently have an operating margin of +8.15 and a Gross Margin at +14.88. Perspecta Inc.’s Net Margin is presently recorded at -15.01.
Return on Total Capital for PRSP is now 8.17, given the latest momentum, and Return on Invested Capital for the company is -15.85. Return on Equity for this stock declined to -38.42, with Return on Assets sitting at -11.77. When it comes to the capital structure of this company, Perspecta Inc. [PRSP] has a Total Debt to Total Equity ratio set at 205.38. Additionally, PRSP Total Debt to Total Capital is recorded at 67.25, with Total Debt to Total Assets ending up at 51.56. Long-Term Debt to Equity for the company is recorded at 187.77, with the Long-Term Debt to Total Capital now at 61.49.
Reflecting on the efficiency of the workforce at the company, Perspecta Inc. [PRSP] managed to generate an average of -$48,286 per employee. Receivables Turnover for the company is 7.94 with a Total Asset Turnover recorded at a value of 0.78.Perspecta Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for Perspecta Inc. [PRSP] stock
With the latest financial reports released by the company, Perspecta Inc. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRSP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Perspecta Inc. go to 5.00%.
Perspecta Inc. [PRSP]: Insider Ownership positions
There are presently around $3,226 million, or 79.50% of PRSP stock, in the hands of institutional investors. The top three institutional holders of PRSP stocks are: BLACKROCK INC. with ownership of 15,364,855, which is approximately -3.174% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 13,481,793 shares of the stock with an approximate value of $353.9 million in PRSP stocks shares; and JANA PARTNERS LLC, currently with $336.0 million in PRSP stock with ownership of nearly 36.689% of the company’s market capitalization.
Positions in Perspecta Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 127 institutional holders increased their position in Perspecta Inc. [NYSE:PRSP] by around 16,518,793 shares. Additionally, 201 investors decreased positions by around 19,087,203 shares, while 131 investors held positions by with 87,303,230 shares. The mentioned changes placed institutional holdings at 122,909,226 shares, according to the latest SEC report filing. PRSP stock had 41 new institutional investments in for a total of 1,292,523 shares, while 61 institutional investors sold positions of 7,014,876 shares during the same period.